The automotive test equipment market, in terms of value, is projected to grow at a CAGR of 6.29% from 2016 to 2021. The market is estimated to be USD 442.9 Million in 2016, and is projected to reach USD 600.7 Million by 2021. In this study, 2015 has been considered the base year, and 2016 to 2021 the forecast period, for estimating the market size of the automotive test equipment market. The study segments the market on the basis of vehicle type, product type, application, and region.

The market report studies the automotive test equipment market and forecasts its market size, by volume and value, based on type (chassis dynamometer, engine dynamometer, vehicle emission test system, and wheel alignment tester) and application (handheld scan tool, mobile device-based scan tool, PC/laptop-based scan tool, and vehicle emission test system) The increasing production of vehicles is expected to drive the automotive test equipment market in Asia-Pacific. The Asia-Pacific region is estimated to lead the market, in terms of value, in 2016. The European region is estimated to be the second-largest market for automotive test equipment, due to technological advancements related to automotive test equipment in the region.

The research methodology used in the report involves various secondary sources, including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the automotive test equipment market. The bottom-up approach has been used to estimate the market size. The average number of automotive test equipment units that are installed in different service centers have been identified, and multiplied by the number of authorized service centers in different regions and countries to arrive at the market size. This country-wise market size, in terms of volume, for each vehicle type is then multiplied with the country-wise average OE price (AOP) of automotive test equipment. This results in the country-wise market size, in terms of value. The summation of the country-wise market provides the regional market, and further summation of the regional market provides the global automotive test equipment market.

The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.

The ecosystem of the automotive test equipment industry consists of manufacturers such as Robert Bosch GmbH (Germany), Siemens AG (Germany), and Honeywell International Inc. (U.S.), research institutes such as the Automotive Research Association of India (ARAI), European Automotive Research Partners Association (EARPA), and the United States Council for Automotive Research (USCAR), and regional automobile associations such as China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), and the European Automobile Manufacturers Association (ACEA).

Target Audience

Manufacturers of automotive test equipment

Dealers and distributors of automotive test equipment

Industry associations

Investment firms

Equity research firms

Private equity firms

Scope of the Report

ByProduct Type

Chassis Dynamometer

Engine Dynamometer

Vehicle Emission Test System

Wheel Alignment Tester

ByVehicle Type

Passenger Car

Light Commercial Vehicle

Heavy Commercial Vehicle

ByApplication

Handheld Scan Tool

Mobile Device-Based Scan Tool

PC/Laptop-Based Scan Tool

ByRegion

North America

Asia-Pacific

Europe

RoW

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The automotive test equipment market, in terms of value, is projected to grow at a CAGR of 6.29% from 2016 to 2021. The market is estimated to be USD 442.9 Million in 2016, and is projected to reach USD 600.7 Million by 2021. Asia-Pacific is estimated to be the largest market for automotive test equipment, followed by Europe and North America. The growth of the automotive test equipment market is fueled by increasing vehicle production, growing awareness about vehicle testing, and increasing installation of test equipment at OEM plants.

The automotive test equipment market has been segmented on the basis of product, application, and vehicle type (passenger cars, light commercial vehicles, and heavy commercial vehicles). In terms of product type, the vehicle emission test system segment is projected to grow at the highest CAGR from 2016 to 2021, followed by the engine dynamometer segment.

The market has been segmented on the basis of product type into chassis dynamometer, engine dynamometer, vehicle emission test system, and wheel alignment tester. The chassis dynamometer segment is estimated to account for the largest market share, in terms of value, in 2016. This can be primarily attributed to the increasing installation of chassis dynamometer test equipment at OEM plants.

The automotive test equipment market has been segmented by application into handheld scan tool, mobile device-based scan tool, and PC/laptop-based scan tool. The handheld scan tool segment is expected to account for the largest market share, by value, in 2016.

The Asia-Pacific region is estimated to dominate the automotive test equipment market, in terms of value, in 2016, with China being a key contributor to the growth of the market in the region. Increasing global vehicle production and growing awareness regarding vehicle testing for potential errors are the key factors driving the growth of the automotive test equipment market across all regions.

Restraints of the automotive test equipment market:

Testing vehicles requires sophisticated instruments and equipment, which add to the overall cost of test equipment. Additionally, the equipment needs to be updated to keep pace with changes or updates in regulations. Furthermore, the lack of R&D facilities for automotive testing lowers the quality of test equipment, and acts as a restraint for the automotive test equipment market.

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